'Drastic' rate drops on transpacific bode badly for carriers ahead of negotiation season
Container spot rates from Asia to Europe held up this week, while rates to the ...
This week’s Loadstar podcast reports from the recent Transpacific Maritime event in Long Beach, organised by The Journal of Commerce. It’s a huge conference, bringing together everyone involved in the North American container supply chain, and quite a few others besides.
In this podcast we talk to Thomas Sorbo, co-founder and chief business development officer of freight rate benchmarking platform Xeneta, about what container freight rates on the spot market can tell us about pricing trends in the long-term contract market, and how forwarders are changing their business models in response to the increased pricing visibility in the market.
That’s followed by an in-depth conversation with INTTRA chief executive John Fay, who talks about the efforts of shippers, carriers and forwarders to digitise container supply chains; why he thinks blockchain technology has the ability to transform the industry; and how INTTRA is developing products to enable better hinterland logistics.
“Talking to our customers, two key themes have emerged over the past year: freight rate pricing and distribution and container logistics. These are going to be key areas for us,” he told The Loadstar.